News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
Oil - US Crude
Wall Street
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
More View more
Real Time News
  • Had the pleasure of jumping on The Trade today on @ausbiztv to go over what long-term price action can tell us about the future trajectory of #copper, $AUDUSD and the $DXY Big thanks to @KaraOrdway for having me on!
  • Heads Up:🇮🇳 Markit Manufacturing PMI (FEB) due at 05:00 GMT (15min) Expected: 57.5 Previous: 57.7
  • 🇮🇩 Inflation Rate YoY (FEB) Actual: 1.38% Expected: 1.38% Previous: 1.55%
  • Heads Up:🇮🇩 Inflation Rate YoY (FEB) due at 04:00 GMT (15min) Expected: 1.38% Previous: 1.55%
  • Commodities Update: As of 03:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 1.75% Gold: 0.92% Silver: 0.65% View the performance of all markets via
  • Forex Update: As of 03:00, these are your best and worst performers based on the London trading schedule: 🇦🇺AUD: 0.72% 🇳🇿NZD: 0.65% 🇬🇧GBP: 0.49% 🇪🇺EUR: 0.12% 🇨🇭CHF: 0.05% 🇯🇵JPY: -0.07% View the performance of all markets via
  • Dramatic-looking Bearish Engulfing candle pattern with negative RSI divergence on the weekly #AUDUSD chart. A turn may be brewing.
  • The Consumer Price Index, better known by the acronym CPI, is an important economic indicator released on a regular basis by major economies to give a timely glimpse into current growth and inflation levels. Learn how to better understand CPI here:
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 93.78%, while traders in GBP/JPY are at opposite extremes with 66.27%. See the summary chart below and full details and charts on DailyFX:
  • Australian Dollar Unfazed by Chinese PMI as RBA Meeting Shifts Into View - $AUD $AUDUSD
Sterling (GBP) Directionless - Will Meaningful Brexit Vote Take Place?

Sterling (GBP) Directionless - Will Meaningful Brexit Vote Take Place?

Nick Cawley, Strategist

Sterling (GBP) and Brexit Talking Points:

  • Talk gets louder that Tuesday’s Brexit vote may be postponed.
  • Latest hard data shows UK economy slowing down.

Q4GBP Forecast

Brexit Uncertainty Constrains Sterling

UK PM Theresa May is expected to lose the Brexit agreement vote in the House on Tuesday by a large majority prompting increased speculation that the vote may be delayed allowing the PM extra time to talk with the EU over extra concessions. PM May spoke with EC President Donald Tusk over the weekend, along with Taoiseach Leo Varadkar, with the contentious Irish border high on the lists of topics discussed. It now looks impossible for the Brexit agreement to be passed in its current form and a heavy defeat leaves PM May under mounting pressure to either renegotiate an improved deal or resign.

The latest UK hard data shows the economy slowing down since Q2 with GDP month-on-month growth up just 0.1% since October, while monthly industrial and manufacturing production fell sharply by -0.6% and – 0.9% respectively. In all, monthly UK GDP 3m/3m fell to 0.4% from a prior reading of 0.6%.

GBPUSD remains near the multi-month low last attempted on December 4. The increased volatility around Sterling makes it difficult to see any upside, as things stand, and GBP weakness will remain until the Brexit agreement - in whatever form it may finally take - is agreed on by the UK Parliament.

GBPUSD Weekly Technical Outlook: Sterling Remains Weak.

GBP: Sterling Traders Bewildered as Brexit Chaos Intensifies.

GBPUSD Daily Price Chart (January – December 10, 2018)

Sterling (GBP) Directionless - Will Meaningful Brexit Vote Take Place?

IG Client Sentiment data show 69.8% of traders are net-long GBPUSD. We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests that GBPUSD prices may continue to fall. However the combination of recent daily and weekly positional changes gives us a mixed GBPUSD trading bias

Traders may be interested in two of our trading guides, especially in times of volatilityTraits of Successful Traders and Top Trading Lessons – while technical analysts are likely to be interested in our latest Elliott Wave Guide.

--- Written by Nick Cawley, Analyst

To contact Nick, email him at

Follow Nick on Twitter @nickcawley1

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.